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they're going to help determine future elections. i think paul ryan and marco rubio, they're trying to rebrand themselves and recast the republican party as a party of diversity and perhaps big ideas and a larger goal post. but i want to say this because i have to say this as vice chair of the party. as you know, the democratic party has a large and broad and deep base including vice president biden, who's done a terrific job in his capacity as the second in command, but also, we have governors. a lot of diversity. duval patrick and we can all look as governor cuomo, you have elizabeth warren that might be considered presidential. so i don't want to throw all our eggs in one basket because there are so many wonderful people. martin o'malley, for example, the governor of colorado. like the republicans, this will be a large field of candidates, but there's fo question if secretary of state hillary clinton decided to throw her gloves into the race, game on. >> she got a lot of competition. >> david frum, you think the republican party's
they're going to help determine future elections. i think paul ryan and marco rubio, they're trying to rebrand themselves and recast the republican party as a party of diversity and perhaps big ideas and a larger goal post. but i want to say this because i have to say this as vice chair of the party. as you know, the democratic party has a large and broad and deep base including vice president biden, who's done a terrific job in his capacity as the second in command, but also, we have...
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washington voters approved it last month's election so let me throw this at you. there's ground rules here. you have to be over the age of 21. you can have up to an ounce in your possession. no more. and despite seattle's overnight smoke fest, you are not supposed to light up a joint in public. here's a big catch. you still have to go underground to get it. growing and selling pot illegal. at least for now they are. miguel marquez has the story in seattle. miguel? >> reporter: brooke, for pot smokers here in washington state, it is a day for celebration and partying. the legalization of pot. but proponents of this initiative say this is only the first step. this is what you assume the stores will look like? >> yeah. our stores are going to have the feel of a fine cigar shop. >> reporter: jaman was at microsoft and preparing to open as many as two dozen high end marijuana shops in washington and colorado. yesterday he'd be called a drug dealer. today, an entrepreneur. >> our target market is baby boomers. folks tried it in college a couple times, maybe they didn't
washington voters approved it last month's election so let me throw this at you. there's ground rules here. you have to be over the age of 21. you can have up to an ounce in your possession. no more. and despite seattle's overnight smoke fest, you are not supposed to light up a joint in public. here's a big catch. you still have to go underground to get it. growing and selling pot illegal. at least for now they are. miguel marquez has the story in seattle. miguel? >> reporter: brooke, for...
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today in cairo the most violent street fighting since the election of egypt's mohammed morsi. the army called in the tanks when the protesters got close to the presidential palace. soldiers and armored vehicles shut down a demonstration by both supporters and opponents of the president. they left behind piles of rubble, burning cars, month sense of stability as a major nationwide vote gets one day closer. president morsi said a few hours ago he is going to address the egyptian people. he has not yet, but when that happens, we're going to bring that to you live. >>> nerve agents locked and loaded ready to be used against a syrian people. now, that scenario now a reality. that is according to nbc news. now, it says that syria's military has loaded the component chemicals for the deadly nerve gas into aerial bombs that could be dropped from their fighter jets. i want to bring in paula gorani about this because you have a different take on this. i know there's a lot of breath held. you say that they're not necessarily on that path. >> i believe that there's analysis that is very c
today in cairo the most violent street fighting since the election of egypt's mohammed morsi. the army called in the tanks when the protesters got close to the presidential palace. soldiers and armored vehicles shut down a demonstration by both supporters and opponents of the president. they left behind piles of rubble, burning cars, month sense of stability as a major nationwide vote gets one day closer. president morsi said a few hours ago he is going to address the egyptian people. he has...
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it will not be a 57/30 election. >> it always tightens. i'm curious about the other side since you're talking about 2008. marco rubio and paul ryan both spoke at this dinner and they were -- these were speeches where they're trying to define themselves as who they are. both probably going to run in 2016. how would a rubio/ryan stack up against a hillary clinton? in a sense it sort of feels like 2008 reversed, right, except for experience would come on the democratic side with hillary and the youth and this sort of idealism might perhaps come from a rubio or ryan on the republican side? >> well, if i look at that poll you were referring to, hillary clinton is the overwhelming favorite among young people, especially young women. young people and young women, clearly they're going to help determine future elections. look, i think paul ryan and marco rubio, are trying to rebrand themselves and recast the republican party as a party of diversity and, perhaps, big ideas and a larger goalpost. i want to also say this because i have to say this as
it will not be a 57/30 election. >> it always tightens. i'm curious about the other side since you're talking about 2008. marco rubio and paul ryan both spoke at this dinner and they were -- these were speeches where they're trying to define themselves as who they are. both probably going to run in 2016. how would a rubio/ryan stack up against a hillary clinton? in a sense it sort of feels like 2008 reversed, right, except for experience would come on the democratic side with hillary and...
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it's unlikely that in a formal election they're going to elect a democrat from south carolina to come to washington. hasn't happened in a while. my sense is that republicans will hold that seat eventually and whatever happens with jim demint. i was surprised that he decided to make that decision. we invited him to come on our show today and explain what's going on. i'm sure he's frustrated like a lot of conservatives are that president obama was re-elected for another four years and he worked hard to try to help romney get elected, help republicans and it's a source of frustration. a different challenge for him running a major think tank in washington and let's see how he does. >> for the time being it doesn't change the balance of power as the republicans aren't in control of the senate. >> there's a republican governor in south carolina and so she'll name someone in the short-term. i assume that's how it will work. once there's another election, i assume a republican will fill that seat. >> and i know you'll have much more on the fiscal cliff and any developments that hopefully we'l
it's unlikely that in a formal election they're going to elect a democrat from south carolina to come to washington. hasn't happened in a while. my sense is that republicans will hold that seat eventually and whatever happens with jim demint. i was surprised that he decided to make that decision. we invited him to come on our show today and explain what's going on. i'm sure he's frustrated like a lot of conservatives are that president obama was re-elected for another four years and he worked...
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the american people re-elected him and they re-elected us. that's not a mandate to raise taxes. that's what house speaker john boehner told fellow republicans during a weekly meeting, signaling he will push back on president obama's demand for tax hikes on the rich when it comes to the fiscal cliff. but treasury secretary timothy geithner says the white house will not give in. >> no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. remember it's only 2%. >> geithner adds the obama administration is, quote, absolutely prepared to go off the cliff, if necessary. joining me now is van jones, cnn contributor and former obama administration official. good morning. >> god morning to you. >> so, van, i guess my first question that's eatsy for geithner to say, we're perfectly willing to go off the fiscal cliff. that means a tax hike on middle class americans and maybe some of them are thinking this morning i'm not really so happy geithner said that. >> it might have been inartful for him to say it the way he said it. i think he
the american people re-elected him and they re-elected us. that's not a mandate to raise taxes. that's what house speaker john boehner told fellow republicans during a weekly meeting, signaling he will push back on president obama's demand for tax hikes on the rich when it comes to the fiscal cliff. but treasury secretary timothy geithner says the white house will not give in. >> no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest...
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were involved in the election. the tea partiers and outsiders -- i would remind john boehner that there was a time when he was the outsider that was an annoyance to the party leadership. i understand the speaker being annoyed when he has people within his caucus that are committed to a set of principles that they make it hard for him to make easy deals. but i would also remind him that people are not going to forsake their principles for something that is as insignificant and their life as a committee assignment remark that is right. >> if he thinks this is a party discipline, he is sadly mistaken. he often knows that from his own experience as a younger time in his service in congress. charles: representative, it has been set from the beginning that the tea party not only poses an incredible threat to the senate democrats, but to establish republicans. now, representative john boehner opportunity to mitigate what they have in washington. >> well, i think what he is doing is looking at -- he is missing the point. t
were involved in the election. the tea partiers and outsiders -- i would remind john boehner that there was a time when he was the outsider that was an annoyance to the party leadership. i understand the speaker being annoyed when he has people within his caucus that are committed to a set of principles that they make it hard for him to make easy deals. but i would also remind him that people are not going to forsake their principles for something that is as insignificant and their life as a...
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george brockler is the newly elected district attorney. he'll be sworn in january 8th. he says he won't decide on pursuing capital punishment until he talks to the victims and their families, but he did say this. >> in terms of the death penalty itself, throughout the campaign and my entire professional career i have been in favor as the death penalty as a discretionary tool for an elected district attorney. as a military prosecutor i worked on a case in hawaii where we attempted to get capital charges on a specific murder case. >> reporter: the preliminary hearing in this case is scheduled right now for january 7th. mart in a. martha: thank you vermart in a. martha: thank you very much. bill: jim demint the pep tea party senator from south carolina will leave his position in the senate and take a job at the heritage foundation. it's news crossing right now. bret baier's timing is perfect. he's live in d.c. right now. good morning to you. >> reporter: good morning. bill: demint is the guy who came out of the pau palmetto state. it was cut spending, make government small
george brockler is the newly elected district attorney. he'll be sworn in january 8th. he says he won't decide on pursuing capital punishment until he talks to the victims and their families, but he did say this. >> in terms of the death penalty itself, throughout the campaign and my entire professional career i have been in favor as the death penalty as a discretionary tool for an elected district attorney. as a military prosecutor i worked on a case in hawaii where we attempted to get...
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they say the two words which are tell us how divided the country was during the presidential election. one thing we can all agree on, it would nice to see the sun and spencer christian. >> that may be the word of the year sunshine. we're looking at live doppler, showers are tapingering off. we have a little spotty area of light showers east of hollister heading out to the central valley right now. showers in the bay area are winding down but still could be one or two isolated showers tomorrow night. temperatures will be in the low 60s tomorrow. as we look ahead tomorrow afternoon into the evening hours thursday night football at coliseum, oakland raiders taking on the denver broncos. it will be clear and cool at game time. here is the accu-weather seven-day forecast, we've got seven sunny days ahead. getting mild over the weekend. high temperatures will be in the mid-60s and stay in that range for the next several days. >> dan: welcome relief. thanks a lot. >> to australian disk jockeys are apologizing impersonating queen elizabeth and prince charles to tell them about kate million to
they say the two words which are tell us how divided the country was during the presidential election. one thing we can all agree on, it would nice to see the sun and spencer christian. >> that may be the word of the year sunshine. we're looking at live doppler, showers are tapingering off. we have a little spotty area of light showers east of hollister heading out to the central valley right now. showers in the bay area are winding down but still could be one or two isolated showers...
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people dead and more than 600 injured, the worst outbreak since the "muslim brotherhood" leader was elected. morsi critics began protesting two weeks ago when the president gave himself sweeping powers that placed him above judicial oversight. >>> and a sliver of hope towards ending the syria civil war. secretary of state hillary clinton and a top russian diplomat will held a surprise meeting with the united nations peace envoy foreseers, still amid signs for for syria. >>> meanwhile germany approved sending patriot air defense missiles to turkey to protect the country against attacks from neighboring syria. mortar rounds and shells from syria have killed several turks in recent weeks. the decision on the missiles must still be approved by the german parliament. >>> it's official, recreational marijuana use is now legal in washington state. hundreds of of people showed up at the space needle to celebrate at midnight. voters approved the law last month. it only covers adults aged 21 and older. some university of washington students did their homework on the limitations. >> we know it's not l
people dead and more than 600 injured, the worst outbreak since the "muslim brotherhood" leader was elected. morsi critics began protesting two weeks ago when the president gave himself sweeping powers that placed him above judicial oversight. >>> and a sliver of hope towards ending the syria civil war. secretary of state hillary clinton and a top russian diplomat will held a surprise meeting with the united nations peace envoy foreseers, still amid signs for for syria....
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not surprisingly it is the side that won the presidential election. we will be right back. >>> quarter past the hour. mohamed morsi is still speaking. he says he feels sorry for those killed on both sides in the violence around the palace. this from the live speech which is on going. the hope was certainly of western observers that this man who has made himself a dictator would back down and submit to the will of the people. at least those not of the muslim brotherhood. that has not happened. he said we must trans send our differences. the will of the people cannot be suppressed by angry crowds. the will of the people must not be suppressed by anger. he says he prays that god will guide them through it. and he prays that god will safeguard the repercussions of the storm. he says the egyptian people are aware of your value. i stated clearly and openly i cannot tolerate that any person perpetrate any killing or vandalism. so it sounds like he is either not in touch with what is happening or very much in touch with the fact that he set himself up as a di
not surprisingly it is the side that won the presidential election. we will be right back. >>> quarter past the hour. mohamed morsi is still speaking. he says he feels sorry for those killed on both sides in the violence around the palace. this from the live speech which is on going. the hope was certainly of western observers that this man who has made himself a dictator would back down and submit to the will of the people. at least those not of the muslim brotherhood. that has not...
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and when they signal -- sort of like the pope being elected. when the white smoke comes out of the capitol, we can come back and execute the deal. >> wow, i don't know how i feel about the whole pope reference, talking about congress. >> that's better than being sentenced to church, i guess. >> i suppose that is true. and, in fact, that's going to be our next story. steve latourette, always nice to have you. when you're in new york, we would love to have you come and sit down with us on our panel. >> would love to. >>> drunk driver, instead of being sentenced to prison, is sentenced to time in church. not sure how i feel about that. >> love it. >> you do? ♪ presence of the lord is here >> we'll talk about that. back in a moment. too easily? time to deploy the boring-potato chip decoy bag. then no one will want to steal the deliciousness. [ male announcer ] with a variety of tastes and textures, only chex mix is a bag of interesting. [ male announcer ] with a variety of tastes and textures, why they have a raise your rate cd. tonight our guest
and when they signal -- sort of like the pope being elected. when the white smoke comes out of the capitol, we can come back and execute the deal. >> wow, i don't know how i feel about the whole pope reference, talking about congress. >> that's better than being sentenced to church, i guess. >> i suppose that is true. and, in fact, that's going to be our next story. steve latourette, always nice to have you. when you're in new york, we would love to have you come and sit down...
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than in elective office. it's a real help to the republicans in the senate because he has cost them the senate. he has done more damage to the senate and most especially to republicans in the senate than anyone else. he has backed these crazy, nutty tea parties who have gutted the republican nomination for senate in various states around the country, and then he went on to lose to democrats thereby preserving the democratic control of the senate, preserving harry he reed therei. he had become an absolute disaster within his own party. the big cheer today is in the republican caucus saying, finally, we're getting rid of our absolute craziest nut. >> very good. we congratulate them for that. another thing, lawrence, that happened today is governor bobby jindal wrote an op-ed in politico and he said, at present any reading the headlines over the past week indicates that republicans are fighting to protect the rich and cut benefits for senior. it may be possible to have worse political positioning than that, but
than in elective office. it's a real help to the republicans in the senate because he has cost them the senate. he has done more damage to the senate and most especially to republicans in the senate than anyone else. he has backed these crazy, nutty tea parties who have gutted the republican nomination for senate in various states around the country, and then he went on to lose to democrats thereby preserving the democratic control of the senate, preserving harry he reed therei. he had become...
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. ♪ >>> it's exactly one month since the president's resounding re-election, but if you thought the campaign was over, you'd be wrong. in the fight over the fiscal cliff, the president is again reaching out to voters for their support. this afternoon a northern virginia family got a special visit after sharing their story about how a $2,200 tax increase would hurt them. and for the president, it was a chance to remind the public and congress that without a deal, taxes will go up for everyone at the end of the year. >> the message that i think we all want to send to members of congress is this is a solvable problem. the senate has already passed a bill that would make sure that middle class taxes do not go up next year by a single dime. it's very important that we get this done now, that we don't wait. >> with just 26 days before the country goes over the edge, the president and speaker boehner spoke last night, both are staying mum about what exactly was said, but the president made clear today that he's not budging on top earners. >> just to be clear, i am not going to sign any package that
. ♪ >>> it's exactly one month since the president's resounding re-election, but if you thought the campaign was over, you'd be wrong. in the fight over the fiscal cliff, the president is again reaching out to voters for their support. this afternoon a northern virginia family got a special visit after sharing their story about how a $2,200 tax increase would hurt them. and for the president, it was a chance to remind the public and congress that without a deal, taxes will go up for...
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. >> urging the younger generation to use their social media skills to push elected leaders to take action. he says take part, or these old coots will clean out the treasury before you get there. >>> a bay area blogger goes to the toilet after snapping a photo in a bathroom. >> a judge's ruling in the case oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew the coffee you love -- stronger, bigger, or hotter -- with the keurig vue. >>> homeowners in the south bay and the santa cruz mountains are cleaning up from mother nature's wrath. pine hill road reopened today after being closed for three days. homeowners say they're not getting the maintenance they need, due to county budget short falls. so now they're discussing possible bond measures. >>> crews are making progress in repairing a large sinkhole on mountain view driv
. >> urging the younger generation to use their social media skills to push elected leaders to take action. he says take part, or these old coots will clean out the treasury before you get there. >>> a bay area blogger goes to the toilet after snapping a photo in a bathroom. >> a judge's ruling in the case oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's...
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we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now stalled at this stage. remember we had the auction in spain yesterday and the yields are slightly higher relative to where we've been, they're still relatively depressed. we talk about the problems in europe, i thought it was worth pointing out amidst all the malaise what is happening in germany today an astounding manufacturing german manufacturing orders result from germany up 3.9% in october, a phenomenal performance from german industry and it's worth bearing in mind that german industry is basically in a single currency that is too low arguably for what it should be at. the deutsche mark would ha
we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now...
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we don't have a revenue problem, ann. >> we lost the election, sean. >> sean: we won the election in the house, ann. the government stays the same. >> but again, it's going to be like in 1994 when oh, yea, republicans won the house was ad the senate and the government shut down. that hurts republicans. it hurt them a lot. >> sean: republicans run on the idea that they're going to be for limited government, less government spending, lower taxes. >> they will be. >> sean: well, if they're going to raise taxes and buy obama's argument and co-op his language, then we're -- >> they're not allowing taxes to be raised on 98% of america. >> sean: you sound like obama. >> no, i don't. i see what the media can do. when the media convinces a majority of americans who voted in november that the economy was george bush's fault, we can't just say give into. >> sean: you're saying give into what the media is saying about you. >> no. but every once in a while to too something that feeds into a particular stereotype of republicans. >> sean: you think they're ever going to like them? >> you don't give
we don't have a revenue problem, ann. >> we lost the election, sean. >> sean: we won the election in the house, ann. the government stays the same. >> but again, it's going to be like in 1994 when oh, yea, republicans won the house was ad the senate and the government shut down. that hurts republicans. it hurt them a lot. >> sean: republicans run on the idea that they're going to be for limited government, less government spending, lower taxes. >> they will be....
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. >> urging the younger generation to use their social media skills to push elected leaders to take action. he says take part, or these old coots will clean out the treasury before you get there. >>> a bay area blogger goes to the toilet after snapping a photo in a bathroom. >> a judge's ruling in the case of privacy, vs. first amendment rights. >> we're going to explain how nesting birds have created a $5 million problem for bart. -what's up? i'm chris. -and i'm erik. both: we're the fruit guys! back in 1998, we had this idea to deliver fresh fruit to offices in downtown san francisco. we built these wooden crates, filled these with fruit in my one-bedroom apartment. the fruit guys has been with bank of america since they first started. we work with them to help them grow and succeed. we're coming up on 50 employees and delivering to thousands of companies every week. i would definitely say this is a fruitful business. >>> homeowners in the south bay and the santa cruz mountains are cleaning up from mother nature's wrath. pine hill road reopened today after being closed for three days. ho
. >> urging the younger generation to use their social media skills to push elected leaders to take action. he says take part, or these old coots will clean out the treasury before you get there. >>> a bay area blogger goes to the toilet after snapping a photo in a bathroom. >> a judge's ruling in the case of privacy, vs. first amendment rights. >> we're going to explain how nesting birds have created a $5 million problem for bart. -what's up? i'm chris. -and i'm...
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even though's an election in, tanto do a recall election that will cost millions. g cities have corruption. inet a lot of cotion. there's a lot of, you know, for instance, just one example, the federal governnt tooaway $50 because they cited reckless spending, c neppively. there's an example right there where detroit could have had $50 million hey lost it because they don't a sterling reputation for fiscal management. >> greta: so we reward them because they're corrupt? that sounds like a stupid idea. >> i don't think you can do that. like so many cities, they've -- >> greta: they've got a lot of corruption, it's probably a pretty quick, easy place to start cleaning things up. >> exactly. iei'm sure if there were money over there, people would take kickbacks. they need a rudy guiliani is what they need. the people need to elect leaders who are worthy and actually good leads. >> greta: didn't their last mayor go to jail. >> kwame kilpatrick, and now they've got mayor bing. the city lost its tax base. the school system is failing. it's terrible there. >> the crime ri
even though's an election in, tanto do a recall election that will cost millions. g cities have corruption. inet a lot of cotion. there's a lot of, you know, for instance, just one example, the federal governnt tooaway $50 because they cited reckless spending, c neppively. there's an example right there where detroit could have had $50 million hey lost it because they don't a sterling reputation for fiscal management. >> greta: so we reward them because they're corrupt? that sounds like a...
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for instance, right after the election we advised our clients we should get a good-sized down move. we got 'em short at 1430 in the december s&p, futures caught the move all the way down at 1350 and then turned around and said, look, we should rally back to the 1400 area. that's exactly what happened. we didn't chase headlines, we didn't try to catch every wiggle in the market, and for the people watching, the important thing to keep in mind now is we're getting close to the end of the year. the markets are going to get increasingly thin and illiquid. pile on the headline risk not only coming out of europe, but also with the fiscal cliff negotiations. the bottom line is it's going to be very difficult to maneuver in tight spaces, so widen it out. for us that means in the s&p we want to pie 1340 to 1320, and as the market gets up to the 1430 area and above, we want to reduce our equity exposure. in the dow call it 12,5 to 13,5. in the nasdaq 100, 2400 to 2800. liz: okay, hold on. let me just hold on the s&p because that's what we have here. 1320 to 1340 buy in when it hits there, and
for instance, right after the election we advised our clients we should get a good-sized down move. we got 'em short at 1430 in the december s&p, futures caught the move all the way down at 1350 and then turned around and said, look, we should rally back to the 1400 area. that's exactly what happened. we didn't chase headlines, we didn't try to catch every wiggle in the market, and for the people watching, the important thing to keep in mind now is we're getting close to the end of the...
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republicans elected won those elections running on the limited government and less taxes. they shouldn't give in to that. principle is wrong and the president doesn't have a serious plan. his idea of raising taxes will run it for a few days. it's a political trophy to the left. we need to do what is good for america despite what he has been able to sell the media. taxing the rich is not going to help the middle class. >> bret: are you going to run for president? >> guest: i am president of the heritage foundation and that is the job i want. >> bret: senator, thank you very much. good luck. >> bret, thank you. >> bret: still ahead -- it's not every day you see an 81-year-old former senator dancing gangnam style. we'll talk with alan simpson about his unique approach to fiscal sanity. up next, is syria's president dancing with the del preparing chemical weapons? -- devil by preparing chemical weapons? ve kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures l
republicans elected won those elections running on the limited government and less taxes. they shouldn't give in to that. principle is wrong and the president doesn't have a serious plan. his idea of raising taxes will run it for a few days. it's a political trophy to the left. we need to do what is good for america despite what he has been able to sell the media. taxing the rich is not going to help the middle class. >> bret: are you going to run for president? >> guest: i am...
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after we got the bounce on the 19th, there are several sectors doing far better than where they were on election. >> that's true. you know what? we've been so focused on the fiscal cliff, we haven't thought about the jobs number coming out tomorrow. what do you expect? >> i expect it to be nothing that's going to
after we got the bounce on the 19th, there are several sectors doing far better than where they were on election. >> that's true. you know what? we've been so focused on the fiscal cliff, we haven't thought about the jobs number coming out tomorrow. what do you expect? >> i expect it to be nothing that's going to
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are people overwhelmingly supported him in the election. not just at, buthy not? gerri: quid pro quo, bring home the bacon. very controversial. we are going to have one out in just a moment. but first, it could be a day of reckoning lawmakers in michigan considering changing the status to a right to work state, giving workers the freedom to opt out of paying union dues. we have the abor policy director for the mackic center for labor policy. tell me what it is you're trying to do wi this legislation. >> there are rumors that michigan can become the 24th rights work state in the nation. he gives workers the ability to choose whether or not to pay a union and without rights or protections, they can actually get the worker fired in aunion if they choose not to gerri: i understand there are some five groups of unions to protest what you're trying to do. at you make of that? >> they are protesting what they think may be an imminent right to work bill introduced in michigan's capital in lansing. gerri:ets get what we always talk about on the show. that is the money. wha
are people overwhelmingly supported him in the election. not just at, buthy not? gerri: quid pro quo, bring home the bacon. very controversial. we are going to have one out in just a moment. but first, it could be a day of reckoning lawmakers in michigan considering changing the status to a right to work state, giving workers the freedom to opt out of paying union dues. we have the abor policy director for the mackic center for labor policy. tell me what it is you're trying to do wi this...
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remember, before the election, questions about how it was counted. were the numbers accurates lots and lots of revisions. do you feel we can trust these numbers? >> yeah, i think we can trust the numbers. i think it would take a heroic conspiracy by people at the bureau of labor statistics are in the administrative branch nrd to cook the numbers. there's volatility, and revisions, but i don't think that's theeissue. the issue is the policies we're debating in the context of the fiscal cliff. gerri: it's interesting you say the impact of the fiscal cliff impacting manufacturing here. how do you see that? >> i mean, if it's going to impact manufacturing, but business generally. care about the manufacturing sector certainlily, but there's all sorts of activity, where it locates, and whether it's building, expanding, or contracting. manufacturing is just a piece of the overall pie. there's tons of other stuff. gerri: tons. jeff, you know, the federal reserve seems to uphold every trick in the book and made up more to get the economy going. they say they'
remember, before the election, questions about how it was counted. were the numbers accurates lots and lots of revisions. do you feel we can trust these numbers? >> yeah, i think we can trust the numbers. i think it would take a heroic conspiracy by people at the bureau of labor statistics are in the administrative branch nrd to cook the numbers. there's volatility, and revisions, but i don't think that's theeissue. the issue is the policies we're debating in the context of the fiscal...
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he came out of the election, he says that he ran on this issue of raising tax rates on wealthy. he believes he is very much the leverage in this negotiation and so you don't see him budging. republicans see the little levers that they have in the debt ceiling fight. these are two separate issues but they're all coming together at the same time. welcome to washington. everything kind of comes together all at the same time unfortunately. the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next year. it all comes down to leverage. democrats see that they have the leverage here because look at most recent polls today. if you look at this week, if yo
he came out of the election, he says that he ran on this issue of raising tax rates on wealthy. he believes he is very much the leverage in this negotiation and so you don't see him budging. republicans see the little levers that they have in the debt ceiling fight. these are two separate issues but they're all coming together at the same time. welcome to washington. everything kind of comes together all at the same time unfortunately. the debt ceiling if it is not part of any agreement,...
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. >>> it's all we've heard about since the election. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> but why doesn't the market care? let's find out right now. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. solving the apple mystery. want to know what's behind apple's troubles this week? we here at "fast" have gotten to the bottom of the selloff. we'll tell you what it means. plus, freeport fizzles. the fine print on why the company's two big buys are raising big red flags. >>> and nat gas revolution, the government says exporting nat gas could be a game changer for america's economy, but at what cost? we'll take a deeper dive to find some answers. but first, our top story tonight. >>> everyone cares about the fiscal cliff, except, seemingly, the markets. just 25 days until the year end deadline and still no deal out of washington. still stocks quietly climb higher. the dow closing today at a one-month high. what gives? just an assumption that a deal -- >> it almost gets back to that you
. >>> it's all we've heard about since the election. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> but why doesn't the market care? let's find out right now. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. solving the apple mystery. want to know what's behind apple's troubles this week? we here at "fast" have gotten to the bottom of the...
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david: if, we're a month after the election. there are patterns after the election. are we fitting that pattern this year? >> yeah. the election year was up which is a sign of incumbent winning. we had a weak november after incumbent win. very typical. remains to seen if december fall follows that pattern. i think we're --. >> what about the year after an election? >> as i said before that is the worst of the four-year cycle. however a little better for democrats. they tend to spend more time debating and getting their policy initiatives together where republicans are more conservative in ideology. come out a little quicker. post-election years up five, down one for republicans since world war ii. i mean for democrats, excuse me. >> jeff hirsch, stock traders almanac, editor-in-chief. david: has commodity traders almanac. you have it all covered. >> thank you. liz: who is the most overpaid actor according to the forbes when looking at box-office returns versus the big bucks they're paid? is it brad pitt? is it eddie murphy or is it adam sandler? we have the answer co
david: if, we're a month after the election. there are patterns after the election. are we fitting that pattern this year? >> yeah. the election year was up which is a sign of incumbent winning. we had a weak november after incumbent win. very typical. remains to seen if december fall follows that pattern. i think we're --. >> what about the year after an election? >> as i said before that is the worst of the four-year cycle. however a little better for democrats. they tend to...
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they want president mohamed morsi, the man they elected, now to be removed for seizing too much power. last night, the same street was a war zone. six killed, 700 injured. the biggest crisis here since egypt, one of america's most important arab allies, overthrew its dictator, hosni mubarak. these very same people filled these same streets two years ago. today, they are chanting the exact same songs, only replacing mubarak's name with morsi's. tonight, morsi refused to give up the absolute power he seized to write a new constitution. one that many here feel doesn't protect the rights and freedoms they fought so hard for. >> he has become like using -- you didn't like mubarak, it is worse than mubarak. >> reporter: the president's defiance has only increased the tension here. and tonight, these people vow to fight on in the name of democracy. diane? >> nick schifrin in cairo tonight. >>> and now, we return back here at home, to made in america, claiming a kind of victory tonight. the american powerhouse, apple, famous for its giant manufacturing operations in china, has promised to do
they want president mohamed morsi, the man they elected, now to be removed for seizing too much power. last night, the same street was a war zone. six killed, 700 injured. the biggest crisis here since egypt, one of america's most important arab allies, overthrew its dictator, hosni mubarak. these very same people filled these same streets two years ago. today, they are chanting the exact same songs, only replacing mubarak's name with morsi's. tonight, morsi refused to give up the absolute...
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egypt's first elected president, mohamed morsi, wanted to bring calm with a televised address tonight. he didn't. last month, morsi granted himself near-absolute power. thousands of protesters are demanding that morsi scrap a proposed new constitution that they fear will take away many of their rights. holly williams is in cairo for us tonight. holly. >> reporter: well, scott, some people here thought that after days of protest and bloodshed, president morsi would make a major concession tonight, but what he did offer won't be enough theirs opponents. they wanted him to immediately give up all of the sweeping new powers that he gave himself two weeks ago, and they wanted him to postpone a referendum on egypt's new constitution, which is due to take place in under 10 days' time. they say that constitution doesn't protect the rights of all egyptians. but president morsi didn't do either of these things. instead, he offered to give up just one of his new powerses, a vaguely worded right to take all necessary steps to protect the country. he said he'd give up all the other powers once the
egypt's first elected president, mohamed morsi, wanted to bring calm with a televised address tonight. he didn't. last month, morsi granted himself near-absolute power. thousands of protesters are demanding that morsi scrap a proposed new constitution that they fear will take away many of their rights. holly williams is in cairo for us tonight. holly. >> reporter: well, scott, some people here thought that after days of protest and bloodshed, president morsi would make a major concession...
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the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've seen. some of that has to do more with europe than it does with washington. but what is your reasoning for why wall street hasn't displayed more of an impact from this fiscal cliff nonsense? >> thomas, what wall street hates most of all is uncertainty and it's counterintuitive, there's actually plenty of certainty now. what's going to be certain is taxes are going up. either we go off the cliff or the curb and then taxes rise for everybody and then maybe they get repealed for the middle class and others or we reach a deal and taxes go up for the wealthiest 2% and everybody else breathes a sigh of relief. there's some $2 trillion in cash sitting on the balance sheets of corporate americ
the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've seen. some of that has to do more with europe than it does with washington. but what is your reasoning for why wall...
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really, i can see why they didn't want it to come out before the election. it makes republicans look fantastic. like we are. even though they want to rewrite history and say lincoln was a democrat. he wasn't. president obama is nothing like him. >> eric: you knew lincoln. was he a nice guy?
really, i can see why they didn't want it to come out before the election. it makes republicans look fantastic. like we are. even though they want to rewrite history and say lincoln was a democrat. he wasn't. president obama is nothing like him. >> eric: you knew lincoln. was he a nice guy?
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the storm and the election. staying with clothing, vera bradley -- well, handbags. those shares also tanking and they are blaming sandy as well but also noted their holiday season is off to a slow start. jeffri jeffries raising the tart fro tm $22 to $20. not all bad news. finisar, higher demand for tranceivers. what else? the stock down 17% year to date. finally, zynga. take a look at shares. they are up nearly 7% because they filed for a gambling license. that is right. the virtual game company wants to become a real poker company. let's bring in julia boorstin with more on this zynga story. seems like if they get it, a completely transformative thing. >> it would be transformative and zynga's definitely pushing forward with its plans to eventually make money from online gambling but the key thing here is that this is really a ways off. the stock soared as much as 9% higher this morning after it came out that zynga applied for real money gaming license in nevada which the company says will take as much as 18 months to get approved. but we have to remember that onl
the storm and the election. staying with clothing, vera bradley -- well, handbags. those shares also tanking and they are blaming sandy as well but also noted their holiday season is off to a slow start. jeffri jeffries raising the tart fro tm $22 to $20. not all bad news. finisar, higher demand for tranceivers. what else? the stock down 17% year to date. finally, zynga. take a look at shares. they are up nearly 7% because they filed for a gambling license. that is right. the virtual game...